Environmental Law Institute Inc.

“Review process of form 990 the eli by-laws direct that the board's audit and governance committee annually review the irs form 990 prior to its submission. The 990 process starts with the eli vice president of finance and administration providing all financial data and process descriptions to the outside auditor. The outside auditing team then generates the first draft of the formatted 990 which is then completely reviewed by eli finance personnel for accuracy and completion. When that review is complete, the draft is provided to the board's audit and governance committee and eli leadership for their review. Eli staff and outside auditors provide briefings on the 990 document and make changes as needed. Once the audit and governance committee has approved the draft, it is transmitted to the full board of directors for their comment and review. When that review is complete, and any additional changes made, the vice president for finance and administration and the outside auditor sign the form and submit it to the irs. In its compliance oversight role, the audit and governance committee is also responsible for reviewing eli policies, eli's accounting systems and internal financial controls, and other governance issues including implementation of the whistleblower and conflict of interest policies.”

“Conflict of interest policy on an annual basis, officers and directors are required to complete and sign a conflict of interest statement in accordance with eli by-laws. That statement confirms that the board member has no known or potential conflicts or, if a conflict may arise, discloses it. Each director and officer provides this form to the eli general counsel for review. These forms are then provided to the audit and governance committee for their review. In addition, officers and directors are instructed to disclose any new conflict (whether actual or potential) whenever it arises. All board members and officers have completed such a form or, in the case of a congressional member, this requirement is satisfied by the statutorily required financial disclosure form, which is also reviewed. In addition, the vice president for finance and administration, and staff, track and report any payment made to any director for any reason (which may include reimbursement of travel expenses related to an eli event). Eli also tracks any payments made to companies for which a director may work. If such payments are made, the audit and governance committee is advised so they can also review such payments.”

“Process for determining compensation the process for determining and reviewing the management compensation for the president is governed by eli by-laws, which require an annual review by the executive committee. That review is often done using existing data from comparable organizations in relevant geographical areas as well as performance review.”

“Documents available copies of the eli annual report, the eli financial statements, and the irs form 990 are publically available on the eli website. In addition, eli gives notice on its website that these documents are also available in paper form on request.”

“Provision for future losses -89,825.”